SHANGHAI -- Top shareholders in Suning.com including founder Zhang Jindong look to sell as much as one-quarter of the company, the Chinese retailer said Thursday, as the coronavirus pandemic dampens earnings.
Zhang and parent Suning Appliance Group, which together own about 40% of Suning.com's outstanding shares, are in talks to sell a total interest of 20%-25% to buyers in areas including infrastructure. That could leave Suning.com with a different top shareholder.
